If your boss really wanted O(), then they wouldn't care that hashing one key takes a day and another a second, because they're thinking in terms of a hash with infinite entries, so the difference between a day and a second to hash is irrelevant.
and I think it would be a horrible manager to not care about the difference between a day and a second.
It's like someone gave you a hammer and you're saying it's broken because it doesn't cut wood very well. It's not designed for that.
But that certainly cannot be considered a reasonable hash function. A string is basically an array of bytes (or code-points, in case of UTF-8).
To have any decent property (like, producing different outputs for miniscule changes in the input), you have to touch every element in the array.
For custom objects, yes, you don't have to hash every property, but for strings, yeah, the hash function will almost always depend on the length of the string.
I'm fairly positive that a unit of measure should _never_ be variable, otherwise it's fairly pointless. And if you don't think hashing a 1TB string takes significantly longer than a 100byte string ...
Futher more, big O notation is supposed to be a wide upper bound, but I don't think that works well if it's not actually an upper bound. If you were to tell your bosses something took constant time, and it took an hour for string A (1TB) and 100ms for string B (10B), I'm pretty sure your opinion wouldn't mean much after that.
The hashmap should absolutely be considered in terms of the hash function, because it's the longest running part of the algorighthm. To do otherwise is disingenous.
Using that logic, I could call any iterative algorithm O(1) since the top level function only gets called once.