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iOS 9.3 makes it abundantly clear if your work iPhone is being tracked by your employer

9to5mac.com/2016/03/02/ios-9-3-makes-it-abundantly-clear-if-your-work-iphone-is-being-tracked-by-your-employer

From the page

Saved with the link. Notes from 2007 to 2016 are mostly the page's own words, so this is probably an excerpt.

If your iPhone is being tracked by the company, it is now clearly marked in the About page of Settings and the Lock Screen. It’s hard to get more clear than a permanent ‘This iPhone is managed by your organisation’ message at the bottom of the screen.