Edit in JSFiddle

// Normal method
$("#slider1").kendoSlider({
    min: 0,
    max: 14,
    smallStep: 1,
    largeStep: 14,
    showButtons: false,
    value: 7
});

// Value binding
kendo.bind($("#form2"), kendo.observable({
    changeSlider: function (event) {
        console.log(event.value); 
    }
}));

<form id="form1">
    <h3>Normal method</h3>
    <input id="slider1" type="text" />
</form>
<form id="form2">
    <h3>Value binding</h3>
    <input data-bind="events: { change: changeSlider, slide: changeSlider }" data-large-step="0.02" data-max="0.14" data-min="0" data-role="slider" data-show-buttons="false" data-small-step="0.01" data-tick-placement="bottomRight" id="slider2" type="text" value="0.07" />
</form>

body { font-family: sans-serif; }
#form1 { border-bottom: 1px solid silver; margin-bottom: 24px; padding-bottom: 24px; }