That hasnt been my experience. My employer doesnt care how or when throughout the week I get something done. Just once a week I state what I accomplished and what I am working on now. We still have deadlines, just no constant helicoptering. Its obvious when a project seems behind and I need to allocate extra hours to accomplish it.
It does result in plenty of flexibility and free time.
Constant checkin's, helicoptering, and meetings are nothing but an impediment to productivity IMO. If your company needs that as part of their workflow they prob need to reassess their hiring process (not hiring A players) and communication processes.