Packing a [0-1] float value into a 4D vector where each component will be a 8-bits integer:

vec4 packFloatToVec4i(const float value)
{
  const vec4 bitSh = vec4(256.0*256.0*256.0, 256.0*256.0, 256.0, 1.0);
  const vec4 bitMsk = vec4(0.0, 1.0/256.0, 1.0/256.0, 1.0/256.0);
  vec4 res = fract(value * bitSh);
  res -= res.xxyz * bitMsk;
  return res;
}

Unpacking a [0-1] float value from a 4D vector where each component was a 8-bits integer:

float unpackFloatFromVec4i(const vec4 value)
{
  const vec4 bitSh = vec4(1.0/(256.0*256.0*256.0), 1.0/(256.0*256.0), 1.0/256.0, 1.0);
  return(dot(value, bitSh));
}

Source of these codes: Gamedev forums