Moderate, with a very strict and important rule. The pathway to PR is exclusively through sponsored work, and any time spent as a student or a job-seeker does not count towards the residency requirement. The process is clear but requires a 4-year commitment to working.
The most critical point is understanding that student/job-seeker time does not count for PR. The job offer must strictly adhere to the conditions set by the Migration Agency, especially regarding salary and insurance, as this is heavily scrutinized.