Different threat model. If someone steals your laptop, your hardware is seized or your employer wants their backdoored machine (but not backdoored in this specific way) back, you probably do not want to leak your password manager contents either.
I use the practice of creating a new employee specific password manager account instead. Once I have an employee email address, I use that to register on either Mozilla's password manager, or BitWarden. It works out nicely, isolates everything, and should I ever leave and someone needs an account I once had, I can safely pass along an old password with ease.
