That's true, but it's not what employee metrics tools tell you. If you're using metrics tools to measure productivity then you're not really being a good manager. Metrics tell you are the quantitative details (eg a count of how much output there is), but as a manager what you actually care about in your day to day work is the qualitative details (eg how good the output is), how happy the team is, where the conflict is, etc. Metrics won't tell you that.
But...
Being a manager is about more than just getting people to do their job well. You also need to plan things, you need to know what's changing over time, you need to test whether your processes are working. I use metrics to measure the aggregate impact of my influence on managing my teams, not that of any IC on any of my teams. Employee metrics are useful for a big picture view.