We make use of the IllustrisTNG cosmological, hydrodynamical simulations to
test fundamental assumptions of the mass-based Halo Occupation Distribution
(HOD) approach to modelling the galaxy-halo connection. By comparing the
clustering of galaxies measured in the 300 Mpc TNG box (TNG300) with that
predicted by the standard (basic'') HOD model, we find that, on average, the basic’’ HOD model underpredicts the real-space correlation function in the
TNG300 box by 15% on scales of $1 \ {\rm Mpc}/h < r < 20 \ {\rm
Mpc}/h$, which is well beyond the target precision demanded of next-generation
galaxy redshift surveys. We perform several tests to establish the robustness
of our findings to systematic effects, including the effect of finite box size
and the choice of halo finder. In our exploration of secondary'' parameters with which to augment the basic’’ HOD, we find that the local environment of
the halo, the velocity dispersion anisotropy, , and the product of the
half-mass radius and the velocity dispersion, , are
the three most effective measures of assembly bias that help reconcile the
``basic’’ HOD-predicted clustering with that in TNG300. In addition, we test
other halo properties such as halo spin, formation epoch and halo
concentration. We also find that at fixed halo mass, galaxies in one type of
environment cluster differently from galaxies in another. We demonstrate that a
more complete model of the galaxy-halo connection can be constructed if we
combine both mass and local environment information about the halo.

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